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Henry your not even close here. I have a MBA and I will tell you the profits aren't what you think they are. Your liberal President and union backed Democrats have seen to it that taxes and regulations are such that United states is on the loosing end in the global market. The big companies are doing just what many very rich Americans are doing, taking their toys and leaving the country. You really think someone who has no education, no student loans, should be paid what??/ 100k a year? If you think this is bad take your own money and risk it with the hard work, then just to have someone like you bash them for their profits. Nothing is stopping you from opening your own business and then paying your employees as much as you want. it's called capitalism, I know dirty word for Obama supporters.

Spot on Backwater. Manufacturing used to be the economic foundation of this country. But the fed gov't has chased most of that elsewhere. So what is left but a service industry. Lets be real here. For the most part the margin is higher in manufacturing companies and so are the wages compared to service companies. This administration is destroying capitalism.

Hebrews 11:3 By faith we understand that the worlds were framed by the word of God, so that the things which are seen were not made of things which are visible.

What if all we have today is what we gave thanks for yesterday?

Let the views of others educate and inform you, but let your decisions be a product of your own conclusions. (Jim Rohn)

Spot on Backwater. Manufacturing used to be the economic foundation of this country. But the fed gov't has chased most of that elsewhere. So what is left but a service industry. Lets be real here. For the most part the margin is higher in manufacturing companies and so are the wages compared to service companies. This administration is destroying capitalism.

Not the government--Wall Street sent those jobs to China for windfall profits produced by semi-slave labor.

Not the government--Wall Street sent those jobs to China for windfall profits produced by semi-slave labor.

Wall street takes information from publicly traded companies does some analytics and decides what value to put on them. People can buy or not buy. for the companies that moved operations offshore; Do most pay less $ for labor? - sure do. Do most pay less taxes? - Absolutely. If they had higher wages and taxes and produced less profit would they still have been valued the same on wall street? I doubt it and maybe that is why they chose to move offshore.

Its all about the money for most people and since people run companies it is all about the money for companies too.

Hebrews 11:3 By faith we understand that the worlds were framed by the word of God, so that the things which are seen were not made of things which are visible.

What if all we have today is what we gave thanks for yesterday?

Let the views of others educate and inform you, but let your decisions be a product of your own conclusions. (Jim Rohn)

I hate to break through the beautiful echo, but another point of view is that "Corporations (aka "people" right?) have one agenda which is getting all they can and they don't care if it comes from a minimum wage worker as long as they get it."
Case in point being McDonald's which employs 440,000 workers worldwide. The average full timer earns $18,200 per year. The company typically has an $8 billion profit, which works out to be about $18,200 per employee. Keep in mind that many employees are part time, so the profit per employee is greater than what the vast majority of workers makes each year. The company's own employee budget recommends a second job to make ends meet.

I am curious, what is a fair profit margin per employee for job performed? At what profit margin do you think McDonalds would have any reason to increase wages? When their net profits are 2, or 2.5, or 3 times the typical employee salary? In this economy where corporate profits are at record highs and wages are stagnant or regressing in real world dollars, exactly when is the trickle down supply side economic boost going to kick in? Perhaps increasing wages would increase consumer demand and spur this economy. The other approach clearly has not worker for 10+ years.

Henry - while there are folks on this forum that I would expect this from - I thought you a slight bit more intelligent than that, not a lot, but at least a slight bit .

The mickey D employee shows up, more than likely having never held a job. This employee receives training, learns job skills, & in many cases advances to a managerial position of some to significant responsibility. Or moves elsewhere with those job skills, the employer does not retain those skills . I would consider that a fair trade of labor for profit. Don't forget the employee that manages to injure themselves, receives compensation, sometimes for a significant amount of time & contributes nothing to the bottom line.

Though I do agree with the poster that believes some executives are grossly overcompensated. We have to remember they pick their own boards, unless the stockholders vote against that compensation, it happens.

A whole bunch of you somehow have lost track of what the free market system is all about....a persons wage, prices we pay for products, should all be driven by "the market"! If you are not welling to pay $5 for a gallon of gas, and others agree with you the oil companies will have to lower the price until you start buying the product again. If they don't they will suddenly have a glut of inventory, and start losing profitability fast! The market should drive the balance between price and inventory (Adam Smith called this the Invisible Hand)... it has nothing to do with profits (but in the long run companies must make money or close). Same for wages, if people choose not to work at McD's for the wages they offer, McD's will be out of business fast...it really is that simple...unfortunately, Unions and Governments screw it all up with taxes and demands for wages/benefits that exceed the market norms...over time these external forces force companies to look for other ways to stay in business.....off shore is a short term solution, because in time, unions and governments will push those markets to a point they are no longer competitive....the good old USA is looking more like the USSR and unfortunately a bunch of voters out their do not understand the free market or Capitalism is one of the foundations to what made our country great....

Wonder what percentage of McDonalds employees are full time? And how many will be this time next year because of Obamacare??

Seems to me the Obama administration likes the McDonalds model. Must be why 90%+ of all jobs created during the Obama years have been part time jobs.

I can answer that FIRSTHAND...we have already been put on 30 hr work weeks at the hotel that is the NEW full time standard, there is even talk that the union will drop our "cadillac" insurance program and try and dump it off on the hotel, which in turn will schedule us for less than 30 hrs and make us responsible for paying for our own insurance

its gonna get ugly...

All my Exes live in Texas

Originally Posted by lanse brown

A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

You don't suppose the SEIU overstepped their limits with this latest power grab? As Jackie Gleason used to shout out, "How sweet it is!!!" It's sounding like this may turn out to be another example of 'unintended circumstances' eh? Make my day. It just couldn't have happened to a more ignorant batch of fools.

It's all working out exactly as Obama wanted however. The plan all along was to get employers to dump their employees so the employees would be forced into the socialist system. Who cares how much it costs? Damn sure not Obama.

It's all working out exactly as Obama wanted however. The plan all along was to get employers to dump their employees so the employees would be forced into the socialist system. Who cares how much it costs? Damn sure not Obama.

Isnt that the truth. While we still can't get what our new rates will be from BCBS since
1. We can't keep our current plan ( doesn't fit KING IDIOTS rules) BCBSNC already told us that
2. You will have a SUBSTANTIAL RATE INCREASE ( direct form BCBS NC)
We purchase a private policy and this is what is happening.
We can't plan anything because all we know is that we are getting hit with a huge increase, but have no idea how much. How can anyone plan their budget as we always do.
Sadly, this is the best time of year to purchase a new car and we were planning on replacing my 2002. That purchase will not happen without knowing what is happening to our insurance premium. We are really thinking about dumping medical and paying the fine. I will be damned if I'm forced to buy his crap that I neither want nor need.